BySay Goodbye to Wells Fargo Checking Account Overdraft Fees
Wells Fargo may be one of the most popular banking institutions in the country, but each account carries a fee. Sometimes, you can be charged due to no fault of your own!
Unnecessary banking fees can add up over time, and it's hard to find banks without overdraft fees. You should never feel pressured to move all your money around due to unfair charges. Fortunately, DoNotPay can get overdraft fees waived in no time!
What Are Overdraft Fees?
When you don't have enough funds in your checking account to cover a charge, your account becomes overdrawn. The majority of banks will pay the charge on your behalf, leaving you to pay the resulting overdraft fee.
Sometimes, overdraft fees are made due to a simple error. You could incur an unexpected ATM fee, or have a scheduled payment go through at the wrong time. You may have written a check for someone months ago and forgot because they didn't cash it until today!
Here's a look at what some banks charge when you overdraft your account:
| Bank | Fee |
| Wells Fargo | $35 |
| Bank of America | $35 |
| TD | $35 |
| Chase | $34 |
| PNC | $36 |
| US Bank | $36 |
| Fifth Third | $37 |
That charge is made every time a company takes money out of an account with a negative balance. This means that you could be charged multiple times a day! For Wells Fargo, the limit is three overdraft charges per day.
Types of Overdraft Fees
In addition to standard overdraft fees, three other types of overdraft charges could be charged to your account:
- NSF fees. This is when a bank rejects a transaction on your behalf, typically after three overdraft charges have already occurred. Just like a regular overdraft charge, the same $35 fee and three-transaction limit will apply.
- Overdraft protection fees. Signing up for overdraft protection immediately transfers money from your savings account to your checking account when an overdraft occurs. It costs $12.50 per account transfer.
- Extended overdraft fees. Many banks will charge this fee when you leave your account in the negative for several days. Wells Fargo typically doesn't make these charges, so you should always have them waived if you notice them on your statement!
Does Wells Fargo Charge Any Other Account Fees?
Each type of Wells Fargo checking account has its own monthly maintenance fee:
- Everyday Checking: $10
- Preferred Checking: $15
- Portfolio Checking: $30
Wells Fargo will charge additional fees for:
| Transaction | Fee |
| Stop payment on checks | $31 |
| Out-of-network ATM fees | $2.50 in the U.S.
$5 internationally |
| Cashier's checks | $10 |
| Unpaid checks | $12 |
| Wire transfers | $30 |
| Money orders | $5 for Everyday Checking account |
| International debit card purchases | up to 3% per transaction |
Will Wells Fargo Refund Overdraft Fees?
Wells Fargo offers an automatic Overdraft Rewind feature for certain charges. If a direct deposit is received by 9 a.m., the bank will reevaluate any overdraft fees that were made overnight. Overdraft Rewind can potentially refund overdraft fees, NSF fees, and charges made due to overdraft protection.
It can be difficult for many account holders to take advantage of this feature. For example, if your direct deposit is made after the cut-off time, you'll still be responsible for overdraft fees. You should have to pay extra for late direct deposits that are out of your control!
How to Get a Refund for Wells Fargo Checking Account Overdraft Fees
If you don't qualify for Overdraft Rewind, you will have to contact Wells Fargo customer service directly. Dial 1-800-869-3557 and ask to speak to a customer service representative. However, you may be put on hold for several minutes.
When your hold time is over, explain the situation to the Wells Fargo associate. Most associates are willing to waive your first-time overdraft charge as a warning.
Even if it's not your first time, there are still several ways you can get a refund. Try mentioning that you have been a loyal customer over the years. Some representatives will also forgive the charge if it was an honest mistake, or you're having financial difficulties.
However, Wells Fargo is generally not obligated to give you a refund, unless the charge was the bank's mistake. Whether the charge was an accident by your fault or the bank's, DoNotPay can reverse it!
How DoNotPay Handles Wells Fargo Checking Account Overdraft Fees
Millions of overdraft fees are charged every day, and many account holders believe that they are powerless to dispute them. Let DoNotPay stand up for your rights and fight those charges!
If you want to get waived but don't know where to start, DoNotPay has you covered in 4 easy steps:
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
No matter what kind of banking fee you need to waive, the DoNotPay method is always:
- Fast… no long wait times on hold and hours of negotiation!
- Easy… just tell us what's going on and we get right to work!
- Guaranteed to refund you the money that you deserve!
DoNotPay Refunds Fees From Banking Institutions Nationwide
With DoNotPay, you'll never worry about overdraft fees and other hidden charges from any financial service provider, such as:
- Bank of America ATM fees
- Bank of America overdraft fees
- Fifth Third Bank
- TD Bank
- Citizens Bank
- Chase Bank
- Paypal
DoNotPay Always Protects You From Unfair Charges
Have you been stressing out about initiating a chargeback or trying to get refunded for a flight cancellation? Are you tired of dealing with uncooperative corporations that won't hear your concerns? Let DoNotPay handle it and save you the stress!